News Roundup: Bitcoin falls below $75,000, triggering nearly $1 billion in liquidations; Mark Connors predicts BTC may again outperform traditional assets; XBIT DEX says the probability of BTC reaching $150,000 before 2026-12-31 is 9.5%; an unknown wallet transfers about $307.29 million worth of USDT; Magji Huang Licheng increases his ETH long position by 1,000 coins; HYPE-related long and short positions fluctuate violently—TON has been fully closed out, and the ZEC short profit expands to RMB 1.26 million; HYPE’s long floating profit narrows to about $29.94 million.

CoinNetwork

2026-05-24 04:03:06

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CryptoWorld.net May 24 News: 1. Bitcoin drops below $75,000, triggering nearly $1 billion in liquidations; 2. Mark Connors: Bitcoin may usher in a new round of performance that surpasses traditional assets; 3. XBIT DEX: The probability of Bitcoin reaching $150,000 before December 31, 2026 is 9.5%; 4. An unknown wallet transfers in 308,269,342 USDT, worth approximately $307,899,560; 5. Ma Jie Huang Licheng: Bought more ETH long positions by 1,000 coins; 6. Betting that BTC outperforms altcoins: HYPE short positions increased by 18,335.66 coins; current profit and loss is over $2.6 million; 7. Loracle: HYPE short positions’ unrealized loss has widened to $27.086 million; 8. Suspected HYPE coin-listing insider info—“HYPE Long Positions TOP 1”: HYPE long positions’ unrealized profit narrowed to about $29.94 million; 9. Altcoin short-war leader—“Multi-currency Short Positions TOP 1”: The TON short position has been completely closed; the position size was over $1.03 million before closing; 10. ZEC’s largest short: The BRENTOIL short position’s unrealized profit has expanded to $1.26 million.

BTC0.78%

ETH-0.57%

HYPE3.54%

TON0.74%

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MarginMom

· 4h ago

300 million USDT into an unknown wallet, is the big player bottoming out or switching positions before fleeing?

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DaoSidekick

· 20h ago

Maji adds 1,000 ETH to the position. Is his long position true love or is he just covering a losing position with a top-up?

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IHateFalseProsperity.

· 22h ago

XBIT says there's a 9.5% chance of 150k; I wonder if they wrote the zero backwards?

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NonceNinja

· 05-24 04:30

Mark Connors is bullish again; I've heard the phrase "BTC is more traditional than traditional assets" a hundred times, but this time the decline is hitting a bit differently.

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GateUser-7df43e29

· 05-24 04:24

75k broke through, nearly 1 billion liquidated, this waterfall wash is fierce enough.

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There'sABullMarketInTheGlass.

· 05-24 04:15

150k by the end of 2026? Let's wait until next year first; I don't even dare to open contracts in this market.

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PocketValidator

· 05-24 04:13

HYPE long and short meat grinder, TON fully closed, ZEC short gains 1.26 million, this volatility is all about heartbeat.

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SentimentIndicatorCollecting

· 05-24 04:07

Huang Licheng's move, whether to follow or not, causes panic; following fears getting stuck with the bag, not following fears missing out; a classic dilemma for retail investors.

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GateUser-8ca669fd

· 05-24 04:07

I'm not in the clearing wave because I was washed out by the previous waves early on. Now watching the show, I feel more comfortable.

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PfpSeasonChangeExpert

· 05-24 04:07

The multi-position unrealized profit narrows to 29.94 million, surface-level wealth; without taking profits, it's all just illusions.

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Crypto Daily News | Bitcoin drops below $75,000, triggering nearly $1 billion in liquidations

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